Immersion Cooling
Immersion Cooling Market Forecasts to 2030 - Global Analysis By Type (Two-Phase and Single-Phase), Cooling Fluid, Component, Application, End User and By Geography
According to Stratistics MRC, the Global Immersion Cooling Market is accounted for $0.5 billion in 2024 and is expected to reach $2.0 billion by 2030 growing at a CAGR of 26.1% during the forecast period. Immersion cooling is a method of cooling computer components, such as CPUs or GPUs, by submerging them in a dielectric fluid or coolant instead of using traditional air or water cooling methods. This coolant is typically non-conductive and serves to dissipate heat away from the components more efficiently due to its higher heat capacity compared to air or water. In immersion cooling, the computer components are fully submerged in the coolant, allowing for more direct contact and heat transfer.
According to Intel, the projected global autonomous vehicle registration share in 2024 is 0.49%; by 2030, the registration share is expected to reach 12%.
Market Dynamics:
Driver:
Increasing demand for high-performance computing (HPC)
The market is witnessing a significant surge in demand for high-performance computing (HPC) solutions. This trend is fueled by the need for efficient cooling technologies that can handle the increasing power densities of modern data centers and supercomputers. Immersion cooling offers enhanced thermal management, reduced energy consumption, and improved performance, making it a preferred choice for organizations seeking to optimize their HPC infrastructure while lowering operational costs.
Restraint:
Lack of awareness
Many businesses and organizations are unfamiliar with the benefits and feasibility of immersion cooling solutions, leading to slower adoption rates. This lack of awareness hampers the market's growth potential and inhibits innovation in the field. Educating key stakeholders about the advantages, energy efficiency, and cost-effectiveness of immersion cooling technologies is crucial to overcoming this challenge and driving widespread adoption. Thus, the market faces a significant challenge due to a lack of awareness among potential adopters.
Opportunity:
Growing data center densities
The market is witnessing a rapid increase in data center densities due to its efficient heat dissipation capabilities. By fully submerging IT hardware like servers in dielectric fluid, it minimizes energy consumption for cooling while enabling higher computing densities. This technology optimizes server performance and reduces operational costs, making it increasingly popular for large-scale data centers aiming for enhanced efficiency and sustainability in their operations.
Threat:
High initial cost
The infrastructure required for immersion cooling, including specialized tanks, coolants, and monitoring systems, demands a substantial upfront investment. These costs can deter some businesses from adopting immersion cooling despite its long-term benefits in terms of energy efficiency and reduced operating expenses. Overcoming this barrier may require innovative financing models or a clearer demonstration of the long-term return on investment to attract more widespread adoption in the market.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the Immersion Cooling market. The market witnessed a slowdown due to disruptions in supply chains, delayed projects, and reduced investments in data centers. However, the increased demand for data processing and storage solutions during the pandemic led to a gradual recovery. Companies adapted by focusing on efficiency, sustainability, and remote management capabilities, driving innovation in Immersion Cooling technologies.
The synthetic fluids segment is expected to be the largest during the forecast period
The synthetic fluids is expected to be the largest during the forecast. These innovative fluids, often based on engineered hydrocarbons or fluorinated compounds, offer efficient heat dissipation, prolonging the lifespan of electronic components. Their non-conductive nature also enhances safety. As industries increasingly prioritize energy efficiency and sustainability, synthetic fluids are poised to play a pivotal role in revolutionizing immersion cooling technologies, driving further growth and adoption in the market.
The edge computing segment is expected to have the highest CAGR during the forecast period
The edge computing segment is expected to have the highest CAGR during the forecast period. By placing computing resources closer to where data is generated, edge computing optimizes latency, bandwidth usage, and overall system efficiency. Immersion cooling complements this by efficiently dissipating heat from these edge devices, ensuring optimal performance and longevity. Together, these technologies enhance the capabilities of edge infrastructure, making them more reliable and responsive to the demands of modern applications.
Region with largest share:
North America is projected to hold the largest market share during the forecast period driven by increasing demand for efficient and cost-effective cooling solutions in data centers. The region's strong presence of key market players and technological advancements in cooling technologies further contribute to market expansion. Immersion cooling systems are gaining popularity due to their ability to enhance energy efficiency and reduce operating costs, making them a preferred choice for industries requiring high-performance computing and data processing capabilities.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. The region has seen significant growth in the data center industry due to the increasing demand for cloud services, big data analytics, and digital transformation across various sectors like finance, healthcare, and e-commerce. With a growing focus on sustainability and energy efficiency, immersion cooling offers a greener alternative to traditional cooling methods.
Key players in the market
Some of the key players in Immersion Cooling market include Dug Technology, ,Asperitas, Fujitsu Limited, Liquid Stack, 3M , Green Revolution Cooling (GRC), Submer Technologies, Asperitas, LiquidCool Solutions, Asetek , Green Datacenter AG, Quanta Cloud Technology (QCT), ZutaCore , Allied Control Ltd. and S&S Consulting GmbH.
Key Developments:
In October 2023, GRC (Green Revolution Cooling) Inc., the leader in single-phase immersion cooling for data centers, announced the launch of a new data center solution, Next-Gen Immersion Cooled Data Centers in Middle East & Africa, with the collaboration of Dell Technologies, and DCV Industries.
In October 2023, Submer and Intel collaborated to enhance single-phase immersion technology through a Forced Convection Heat Sink (FCHS) package. It reduces the quantity and cost of components required for comprehensive heat capture and the dissipation of chips with Thermal Design Power (TDP) exceeding 1000W.
Types Covered:
• Two-Phase
• Single-Phase
Cooling Fluids Covered:
• Fluorocarbon-Based Fluids
• Hydrocarbon-Based Fluids
• Synthetic Fluids
• Mineral Oil
Components Covered:
• Heat Exchangers
• Pumps and Pipes
• Monitoring and Control Systems
• Tanks and Enclosures
• Cooling Fluids
• Other Components
Applications Covered:
• Cryptocurrency Mining
• Artificial Intelligence
• Edge Computing
• High-Performance Computing
• Other Applications
End Users Covered:
• Data Centers
• Gaming and Cryptocurrency Mining
• Electric Vehicles (EVs)
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Immersion Cooling Market, By Type
5.1 Introduction
5.2 Two-Phase
5.3 Single-Phase
6 Global Immersion Cooling Market, By Cooling Fluid
6.1 Introduction
6.2 Fluorocarbon-Based Fluids
6.3 Hydrocarbon-Based Fluids
6.4 Synthetic Fluids
6.5 Mineral Oil
7 Global Immersion Cooling Market, By Component
7.1 Introduction
7.2 Heat Exchangers
7.3 Pumps and Pipes
7.4 Monitoring and Control Systems
7.5 Tanks and Enclosures
7.6 Cooling Fluids
7.7 Other Components
8 Global Immersion Cooling Market, By Application
8.1 Introduction
8.2 Cryptocurrency Mining
8.3 Artificial Intelligence
8.4 Edge Computing
8.5 High-Performance Computing
8.6 Other Applications
9 Global Immersion Cooling Market, By End User
9.1 Introduction
9.2 Data Centers
9.3 Gaming and Cryptocurrency Mining
9.4 Electric Vehicles (EVs)
9.5 Other End Users
10 Global Immersion Cooling Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Dug Technology
12.2 Asperitas
12.3 Fujitsu Limited
12.4 Liquid Stack
12.5 3M
12.6 Green Revolution Cooling (GRC)
12.7 Submer Technologies
12.8 Asperitas
12.9 LiquidCool Solutions
12.10 Asetek
12.11 Green Datacenter AG
12.12 Quanta Cloud Technology (QCT)
12.13 ZutaCore
12.14 Allied Control Ltd.
12.15 S&S Consulting GmbH
List of Tables
1 Global Immersion Cooling Market Outlook, By Region (2022-2030) ($MN)
2 Global Immersion Cooling Market Outlook, By Type (2022-2030) ($MN)
3 Global Immersion Cooling Market Outlook, By Two-Phase (2022-2030) ($MN)
4 Global Immersion Cooling Market Outlook, By Single-Phase (2022-2030) ($MN)
5 Global Immersion Cooling Market Outlook, By Cooling Fluid (2022-2030) ($MN)
6 Global Immersion Cooling Market Outlook, By Fluorocarbon-Based Fluids (2022-2030) ($MN)
7 Global Immersion Cooling Market Outlook, By Hydrocarbon-Based Fluids (2022-2030) ($MN)
8 Global Immersion Cooling Market Outlook, By Synthetic Fluids (2022-2030) ($MN)
9 Global Immersion Cooling Market Outlook, By Mineral Oil (2022-2030) ($MN)
10 Global Immersion Cooling Market Outlook, By Component (2022-2030) ($MN)
11 Global Immersion Cooling Market Outlook, By Heat Exchangers (2022-2030) ($MN)
12 Global Immersion Cooling Market Outlook, By Pumps and Pipes (2022-2030) ($MN)
13 Global Immersion Cooling Market Outlook, By Monitoring and Control Systems (2022-2030) ($MN)
14 Global Immersion Cooling Market Outlook, By Tanks and Enclosures (2022-2030) ($MN)
15 Global Immersion Cooling Market Outlook, By Cooling Fluids (2022-2030) ($MN)
16 Global Immersion Cooling Market Outlook, By Other Components (2022-2030) ($MN)
17 Global Immersion Cooling Market Outlook, By Application (2022-2030) ($MN)
18 Global Immersion Cooling Market Outlook, By Cryptocurrency Mining (2022-2030) ($MN)
19 Global Immersion Cooling Market Outlook, By Artificial Intelligence (2022-2030) ($MN)
20 Global Immersion Cooling Market Outlook, By Edge Computing (2022-2030) ($MN)
21 Global Immersion Cooling Market Outlook, By High-Performance Computing (2022-2030) ($MN)
22 Global Immersion Cooling Market Outlook, By Other Applications (2022-2030) ($MN)
23 Global Immersion Cooling Market Outlook, By End User (2022-2030) ($MN)
24 Global Immersion Cooling Market Outlook, By Data Centers (2022-2030) ($MN)
25 Global Immersion Cooling Market Outlook, By Gaming and Cryptocurrency Mining (2022-2030) ($MN)
26 Global Immersion Cooling Market Outlook, By Electric Vehicles (EVs) (2022-2030) ($MN)
27 Global Immersion Cooling Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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